Introduction to Economics
Authored by Yashpal Singh
Other
University
Used 14+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is the Father of Economics ?
Adam Smith
Marshall
J.M.Keynes
Robinson
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jenny has hundreds of stuffed animals to sell. The stuffed animals are considered the _________.
supply
demand
buyer
seller
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If there are only 100 televisions on sale and 200 people want to buy TV's, that is a problem of ____.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics seeks the answer to the basic question of how to deal with ______.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is given up when a choice is made
Scarcity
choice
opportunity cost
resources
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The combining of human, natural, capital, and entrepreneurship resources to make goods or provide services
consumption
production
distribution
resources
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Construction worker, doctor, nurse, and teacher
capital resources
entrepreneurship
human resources
natural resources
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